Does Sallie Mae have savings accounts?
Sallie Mae named one of the best savings accounts, money market accounts and CDs for 2022. GOBankingRates named Sallie Mae as one of the top online banks, recognizing its products’ high interest rate and no monthly fees.
Can I have an online savings account?
An online savings account lets you conduct your banking from anywhere you can connect to the internet and at any time. You can open an account or transfer funds online, for instance, without the need to visit a branch of a bank or credit union.
Does Sallie Mae have a bank?
Sallie Mae loans are made by Sallie Mae Bank. Information advertised valid as of 4/25/2022. SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.
Is SmartyPig a good savings account?
Sallie Mae SmartyPig offers an excellent high-yield savings account featuring one of the highest interest rates of the 19 banks we tested — 0.70% on balances up to $10,000. SmartyPig pays 0.45% on amounts over $10,0000. It requires no minimum balance to open an account and charges no monthly fees.
What is a SmartyPig account?
SmartyPig is a free, FDIC-insured online piggy bank that helps you save for long- and short-term goals. The more you save, the more interest you’ll earn with our tiered interest rates.
Is money stuck for a set time in an online savings account?
Is your money stuck in an online savings account? No. Just like a traditional savings account, your money is accessible to you when you need it. With just a few clicks, you can move money in and out of your savings and into another account.
Which bank is best to open savings account online?
Best online savings accounts and rates of May 2022
| Bank | APY | Minimum Opening Deposit |
|---|---|---|
| Synchrony High Yield Savings | 0.60% APY | $0 |
| Ally Bank Online Savings Account | 0.50% APY | $0 |
| Vio Bank High Yield Online Savings | 0.50% APY | $100 |
| Citizens Access Online Savings Account | 0.50% APY | $5,000 |
What kind of bank is Sallie Mae?
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking. Its nature has changed dramatically since it was set up in 1973. At first, it was a government entity that serviced federal education loans.
Is SmartyPig by Sallie Mae safe?
SmartyPig online savings accounts are securely held at Sallie Mae Bank and are FDIC-insured up to the maximum amount allowed by law.
